Analysts at JPMorgan Chase & Co. initiated coverage on shares of Basf (OTCMKTS:BASFY – Get Free Report) in a research note issued on Friday, StockNewsAPI reports. The firm set a “neutral” rating on the basic materials company’s stock.
Other analysts also recently issued reports about the company. Citigroup upgraded Basf to a “hold” rating in a research note on Wednesday. Berenberg Bank raised shares of Basf to a “strong-buy” rating in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Basf has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Basf
Basf Stock Performance
Basf (OTCMKTS:BASFY – Get Free Report) last posted its earnings results on Friday, July 26th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter. Basf had a negative net margin of 0.04% and a positive return on equity of 6.36%. The company had revenue of $17.34 billion during the quarter. On average, equities analysts forecast that Basf will post 0.95 EPS for the current year.
Basf Company Profile
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.
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